AGP Executive Report
Last update: 11 hours agoRegional Cooperation: Central African Republic officials joined the 22nd CEN-SAD Executive Council meeting in Tripoli, where members are discussing economic cooperation and ways to strengthen the bloc’s institutions. Banking: Cameroon’s Afriland First Bank more than doubled its capital to CFA110 billion, using retained reserves rather than new shareholder funds. The lender is expanding regionally and has authorization to operate in Bangui. Cross-Border Trade: Communities on the Sudan-CAR border agreed to reopen routes for traders and pastoralists after compensation was paid for deaths in earlier clashes. Transport Links: Cameroon is seeking €266.2 million to rebuild the Douala-Edéa road and add a bridge—work that could ease freight movement toward the CAR. Funding still needs final approval. Fuel Costs: Petrol in the CAR rose to $1.957 a litre in October, up from $1.818 in September, amid higher global oil prices.
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